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What’s Hot What’s Not: China rebuilding while Japan catches a cold?

Posted by: Sam Lees
Membership level: Free

 

Gold funds are prominent in the top table.  Unsurprising as gold is a perceived safe haven.  More interestingly, China is up there, too. Japan, Latin America and UK funds make up the bulk of the Not Hot list. 

What’s Hot

  • Three gold funds appear in the Hot table this month, with LF Ruffer Gold taking the top spot.
  • One biotech fund – focussing on smaller and medium sized companies – makes the top table.
  • Three China-focussed funds, and two general Asian and emerging market funds with big China weightings, also feature.
  • One UK property fund makes up the top 10 table. This is due to an upwards price adjustment in the last month.  This reverses a downwards adjustment of 6.2% made in August 2019.

What’s Not

  • Three Japanese Smaller Companies funds fall in the bottom table.  Baillie Gifford is down over 11% for the month.  
  • UK larger companies don’t feature in the bottom table…
  • …but midcap, smallcap and two “Value” funds are all present in the bottom table.
  • Latin American funds make up the rest of the poor performers over the month.

No US funds appear in either but do keep an eye on them.  The response from US officials to the COVID-19 virus has been poor, so infection rates may be much higher than reported, which would hit the US stock market over coming weeks.

FURTHER READING


 

What's Hot
   
Name
Sector
Last Month Performance
LF Ruffer Gold
 Specialist
7.7
Baillie Gifford China
 China/Greater China
7.5
BlackRock Gold & General
 Specialist
7.1
AXA Framlington Biotech
 Specialist
5.5
Threadneedle China Opportunities
 China/Greater China
5.5
Investec Global Gold
 Specialist
5.3
BlackRock Aquila Emerging Markets
 Global Emerging Markets
5.1
BMO UK Property
 UK Direct Property
4.7
Janus Henderson China Opportunities
 China/Greater China
4.3
BNY Mellon Oriental
 Asia Pacific Excluding Japan Ret
4.0

 

 
What's Not
   
Name
Sector
Last Month Performance
Baillie Gifford Japanese Smaller Companies
 Japanese Smaller Companies
-11.9
SVM UK Opportunities
 UK All Companies
-11.3
Invesco Latin American (UK)
 Specialist
-10.0
Threadneedle Latin America
 Specialist
-9.9
ASI UK Recovery Equity
 UK All Companies
-9.9
Invesco Japanese Smaller Companies (UK)
 Japanese Smaller Companies
-9.7
Liontrust UK Mid Cap
 UK All Companies
-9.3
M&G Japan Smaller Companies
 Japanese Smaller Companies
-8.4
LF Tellworth UK Smaller Companies
 UK Smaller Companies
-8.4
M&G Recovery
 UK All Companies
-8.3

 
Topic: Market commentary


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